The EIA reported ethanol production for the week ending October 23rd at an average of 941,000 barrels per day. The weekly output is the highest since the week ending September 4th, which was also 941,000 barrels and 2.4 percent over the prior eight-week average. The increased production has done little to quell the price rally in the distiller’s corn oil market. Trading has been consistently higher this week, and buyers are finding sales below 31.5 – 32 FOB harder to come by. DCO production is estimated at 8.93 million pounds per day, down 5.5 percent from the same week last year and down 7.7 percent from the prior three-year average. Significant demand for low-CI…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...